- Financial Literacy Significant for MSME Growth
Financial literacy provides necessary guidance to entrepreneurs, enabling them to make informed decisions, manage resources and build sustainable businesses. To spread financial awareness, a Programme on Financial Literacy for MSMEs was conducted on October 29, 2025, at District Industries Centre Campus, Thattanchavady, Puducherry. The programme was jointly conducted by EDII and Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) under the Raising and Accelerating MSME Performance (RAMP) scheme.
The programme focused on empowering MSMEs, especially artisans with the essential knowledge and skills to improve financial management, enhance competitiveness and promote sustainable business growth. Also, the initiative aimed to create awareness about MSME schemes, credit linkages and institutional support mechanisms available under RAMP.
(L) Mr. Samit Kumar, Faculty, EDII and (R) Dr. Ananthavalli Ramesh, Associate Faculty, EDII felicitating Chief Guest Shri A. Vikranth Raja, IAS, Secretary to Government / Director of Industrial Development, Trade & Commerce, Government of Puducherry and Managing Director, PIPDIC Ltd.
Guest Shri A. Vikranth Raja, IAS, Secretary to Government / Director of Industrial Development, Trade & Commerce, Government of Puducherry and Managing Director, PIPDIC Ltd. emphasized the importance of financial literacy for MSMEs in achieving sustainable business growth and motivated artisans to work collectively for industrial advancement in the region. Also present at the event were Mr. K. Govindarajan, General Manager, District Industries Centre, Puducherry and senior government officials.
The programme featured expert-led sessions covering various aspects of MSMEs financial literacy and management. Speakers included : Mr. K. Raja, Financial Literacy Consultant, Puducherry; Ms. Josephine Sairani, Senior Manager, INDSETI, Puducherry; Dr. Ananthavalli Ramesh, Associate Professor, EDII; Mr. N. S. Vijayaganesh, Director, TIPS Academy, Vellore; Dr. K. Madhane, Principal, Aditya Institute of Management, Science & Research, Puducherry and Mr. G. Jayaraman, Functional Manager, DIC, Puducherry.
More than 96 artisans and MSME entrepreneurs interacted with experts and gained practical insights for enterprise growth. This initiative marks important step towards empowering local entrepreneurs and ensuring that region’s MSME sector continues to grow with stronger financial capabilities and sustainable growth.
- Empowering MSMEs through Capacity Building
Over the last two months, under the Raising and Accelerating MSME Performance (RAMP) – Maharashtra, EDII conducted a series of handholding initiatives across various locations of Maharashtra [under sponsorship support of the Maharashtra Small Scale Industries Development Corporation Ltd. (MSSIDC)]. Six Sensitization & Capacity Building Workshop for Women and SC/ST-led MSMEs were organized, benefiting 300 entrepreneurs by enhancing their understanding about RAMP scheme, business opportunities and government support. Additionally, seven training programmes on Enhancing Financial Knowledge of MSMEs were conducted, benefitting 350 participants and strengthening their financial knowledge for better decision making.
